Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) reached a new 52-week high on Thursday . The company traded as high as $37.25 and last traded at $36.30, with a volume of 744200 shares traded. The stock had previously closed at $36.30.

A number of brokerages recently issued reports on APAM. BidaskClub raised Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.93.

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $2,743.12, a P/E ratio of 17.97, a P/E/G ratio of 1.57 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. Artisan Partners Asset Management’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 2.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is 129.73%.

Large investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Artisan Partners Asset Management by 3.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,425,554 shares of the asset manager’s stock valued at $144,273,000 after buying an additional 148,713 shares in the last quarter. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock worth $121,816,000 after buying an additional 200,446 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Artisan Partners Asset Management by 7.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,224,776 shares of the asset manager’s stock worth $68,301,000 after buying an additional 156,187 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Artisan Partners Asset Management by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,125,952 shares of the asset manager’s stock valued at $69,306,000 after purchasing an additional 9,754 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in shares of Artisan Partners Asset Management by 11.3% in the 3rd quarter. Channing Capital Management LLC now owns 1,749,264 shares of the asset manager’s stock valued at $57,026,000 after purchasing an additional 178,215 shares in the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

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About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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